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re: There are more homebuyers over 70 than under 35
Posted on 8/15/25 at 12:08 pm to TigersHuskers
Posted on 8/15/25 at 12:08 pm to TigersHuskers
Gee, people with extra decades to save money and who probably made a lifetime's worth of financially smarter decisions are able to buy houses. Funny how my fiancee and I are not Boomers yet we own multiple houses, almost like we figured out how to live within our means and not saddle ourselves with unnecessary credit card, vehicular, or student loan debts.
1
Posted on 8/15/25 at 12:10 pm to FLBooGoTigs1
quote:
agree to a point with this. Capitalism is great but keeping your younger generations away from the American dream of owning homes and starting families at a young age seems to be a thing of the past.
Odd, my daughter (no pics) and sil, both mid 20s, had no problems buying a nice home in Houston 3 years ago. My nephew who is early 20s just bought himself a house with his girlfriend in Orange Beach. Most of their friends own homes. Most are doing better than wife (no pics) and I at their age.
Posted on 8/15/25 at 12:12 pm to Mushroom1968
quote:
According to this board all boomers were raised in wealthy families and even though most of our country’s bad policies happened when most boomers were in elementary school it’s all their fault.
If most on this board believe that most boomers were born & raised in wealthy families then they are highly misinformed and completely ignorant to the truth.
This is how the overwhelming majority of boomers were raised.
We were born to working class fathers and stay at home mothers. We lived in ranch style 3 bedroom, 1 bath houses under 1500 sq ft. We usually had 2-3 brothers and sister whom We shared a bedroom with.
The entire family had one car, one tv, one phone and younger brothers and sisters wore hand me down clothes.
We started working part time jobs when we were 14 or 15. We worked after school and on weekends. If we went to college, we had to pay for it, because Dad didn’t make enough to send us. We worked 20-30 hours a week during college to pay our bills and college tuition.
After graduating college, we worked 60 hours a week paying rent, utilities, car payments, and saved our money to buy our first house when we were in our early 30’s.
This post was edited on 8/15/25 at 12:13 pm
Posted on 8/15/25 at 12:14 pm to YouKnowImRight
We are in the midst of the greatest wealth transfer in history.
Boomers are gifting, and putting wealth in trusts for heirs and charities in the trillions of dollars.
These are facts.
We are, by far, the most generous generation, and it isnt close.
Prove me wrong.
Boomers are gifting, and putting wealth in trusts for heirs and charities in the trillions of dollars.
These are facts.
We are, by far, the most generous generation, and it isnt close.
Prove me wrong.
Posted on 8/15/25 at 12:15 pm to N2cars
quote:
More relevant info to quell the pitiful jealousy of most of the posters:
to add more context
Posted on 8/15/25 at 12:15 pm to Tammany Tom
Exactly my situation.
But let's not let facts get in the way of a good, whiny, thread.
But let's not let facts get in the way of a good, whiny, thread.
Posted on 8/15/25 at 12:16 pm to Mushroom1968
Statistics don’t lie. I am all for Capitalism just stating that owning a home for kids coming out of college or mid 20’s is not happening like it used too. They are still doing it just not the degree we were twenty or thirty years ago.
Posted on 8/15/25 at 12:17 pm to theunknownknight
quote:
when we die, the government’s gonna get half of what we own.
What are you talking about? The exemption is $14 million. How many boomers do you think are worth $14 mil?
quote:
bandy around about blowing all our money on our aged selves
You mean spending their own money that they earned?
quote:
blaming the economic hardships of the younger generations on them
I don't hear boomers blaming anyone for anything. It's NOTHING like what all everyone blames boomers for. That's just projection, pure and simple.
quote:
questioning if we’re the entitled idiots
Of course their entitled to their money, they earned it.
But for a bunch of people to be crying about boomers not giving them enough is just fricking weird, and just a bit hypocritical. Quit looking for a handout from the previous generation, and save your money instead of wasting it on a bunch of entertainment subscriptions.
Posted on 8/15/25 at 12:17 pm to N2cars
Posted on 8/15/25 at 12:18 pm to TigersHuskers
They don’t need a home since they’re living in their parents basement playing video games.
Posted on 8/15/25 at 12:23 pm to Harry Boutte
14M per individual.
Surviving spouse gets both, so 28M, potentially.
Surviving spouse gets both, so 28M, potentially.
Posted on 8/15/25 at 12:28 pm to TigersHuskers
NAR needs to show their work for those calculations. Usually it’s based on mortgage apps, as I’m pretty sure the realtor isn’t allowed to just ask your age before showing properties.
Regardless, more than 1/4 of sales are cash, and it’s pretty well documented that an increasing number of parents are financing the down payments.
The more interesting angle isn’t the age of homebuyers. It’s that the likelihood of home ownership is drastically shifting towards those with family members that are able to provide financial assistance for the purchase.
Regardless, more than 1/4 of sales are cash, and it’s pretty well documented that an increasing number of parents are financing the down payments.
The more interesting angle isn’t the age of homebuyers. It’s that the likelihood of home ownership is drastically shifting towards those with family members that are able to provide financial assistance for the purchase.
Posted on 8/15/25 at 12:32 pm to TigersHuskers
So the people who dedicated their entire life to raising children and working to support half the population that doesn.t work. Bought themselves a new home. Great! now their children will get more when they soon die. Where is the problem with any of this?
Posted on 8/15/25 at 12:38 pm to TigersHuskers
I’m not even sure why they show Gen Z broken apart here unless it is meant to make the data seem worse than it is. Someone born in 1999 is 25/26 years old. I didn’t own a home at that age either. I will admit that the housing market is objectively awful. Quite possibly it’s the worst in modern history. But baby boomers aren’t the reason younger folks can’t find homes. Blame the federal reserve for keeping interest rates Insanely low for a couple of decades. That’s why people over 40 won’t sell their homes. They can’t afford to sell. Or blame decades of government regulations that made it essentially impossible to build in some parts of the country. What we are left with is a combination of high interest rates and a lack of available inventory. We have to build our way out of this, and it’s going to take some time.
Young folks today were dealt a rotten hand in many ways, but sitting around blaming Boomers is misguided and frankly, a waste of time. Focus on what you can control by moving to a less expensive area. Your youth is your biggest advantage. Use it to start over somewhere if you need to. And look at the bright side - at least your arse never got drafted.
Signed,
An Older Millennial
Young folks today were dealt a rotten hand in many ways, but sitting around blaming Boomers is misguided and frankly, a waste of time. Focus on what you can control by moving to a less expensive area. Your youth is your biggest advantage. Use it to start over somewhere if you need to. And look at the bright side - at least your arse never got drafted.
Signed,
An Older Millennial
Posted on 8/15/25 at 12:43 pm to Crowknowsbest
quote:
Right now we’re running headlong into a situation where most people have no skin in the capitalist system.
And their votes count as much as yours.
Posted on 8/15/25 at 12:48 pm to TigersHuskers
Your not wrong, But at least its not Britian.
Posted on 8/15/25 at 12:58 pm to TigersHuskers
quote:Are you trying to tell me that older people who have worked for 5 or 6 decades and saved a good amount of their earnings have more money than young people who never save a penny of what they earn??
here are more homebuyers over 70 than under 35
NO WAY!!!
This post was edited on 8/15/25 at 1:21 pm
Posted on 8/15/25 at 1:00 pm to BillyGibbons
quote:
An entire generation with no prospects for homeownership can only lead to bad things.
But Boomers will just say that the new generations are just lazy and we should have done exactly what they did and buy a $79,000 house, don’t have any college debt, work for the same company your entire life, and get another vacation home.
This post was edited on 8/15/25 at 1:02 pm
Posted on 8/15/25 at 1:01 pm to LSURussian
I'd be curious to see what the stats were for the value of the hosue being sold vs what they buy for that over 70 crowd. Mainly, how many of them are downsizing houses to supplement their lack of retirement savings. If that is the case, its just going to make the issues even more exaggerated.
Posted on 8/15/25 at 1:05 pm to theunknownknight
quote:
Boomers being boomers What else is new?
Watch yourself.. this board sucks off boomers so hard. We should adopt Attestupa as a practice here
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